Globe mentioned it maybe once.
"Talks ending on new aid to Greece" by Associated Press, June 3, 2011
ATHENS — Talks about new austerity measures to keep Greece from defaulting on its debts are nearly over, a European official said yesterday. They reportedly include a lower income tax threshold and tax increases on tobacco and heating fuel....
So bankers can get paid.
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"Greece set to receive next bailout payment" by Elena Becatoros and Gabriele Steinhauser, Associated Press / June 4, 2011
ATHENS — Greece is poised to receive the next installment of its bailout facility, and will likely get further rescue loans to prevent it from defaulting on its massive debts, European officials said yesterday.
Debt inspectors from the European Union and the International Monetary Fund said Greece should receive the next $17.5 billion tranche of its existing $146 billion bailout as long as additional austerity and privatization measures are deemed sufficient. Greece also had to accept outside interference in the way it runs its government services....
Crucially, Juncker also said that private creditors such as banks and investment funds will be asked to share some of the burden of giving Greece more time to get its economy back in track — an idea that has faced much criticism from the European Central Bank, which fears that it could cause panic on financial markets.
Sorry, but they don't like that.
In recent weeks, representatives of eurozone finance ministries have been discussing several options of getting private creditors involved, including asking them to give Greece more time to repay the bonds they hold or commit to buying new bonds as old ones expire.
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Related: Bankers Never Lose
I guess that's why the Greeks are angry.
"In Greece, anger at austerity measures" by Demetris Nellas, Associated Press / June 6, 2011
ATHENS — Tens of thousands of protesters angry about the government’s austerity policies demanded yesterday that the heavily indebted country stop paying its creditors.
Many protesters carried signs and wore stickers reading “we don’t owe, we won’t sell, we won’t pay’’ in the demonstration outside Parliament. The signs referred to planned privatizations that the government has agreed to speed up in order to make up for a shortfall in projected revenue.
Greece was saved from default in May 2010 with a $160 billion bailout package of loans from the International Monetary Fund and European Union. In return, it imposed strict austerity measures last year, including public salary cuts, pension reductions, and broad tax hikes.
The measures have angered ordinary Greeks, sparking frequent protests.
In the latest one, demonstrators chanted “thieves, thieves’’ while pointing at the parliament building....
The protest was the 12th in as many days, and was modeled after the demonstrations that took place in Spain last month....
More protests I rarely read about in my newspaper.
So only the agenda-pushing and approved protests of global warmers, gays, illegal immigrants, and any other agenda-supporting outfit are accorded positive coverage. The rest are either ignored or disparaged.
In general, the protests have been peaceful....
And any violence can be blamed on agent provocateur plants. Just ask a Greek about Gladio.
The protesters vow to keep up the pressure indefinitely....
Because THAT is what is REQUIRED!
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Protests over austerity measures have been held outside Parliament in Athens every night for the past two weeks. (Kostas Tsireronis/Bloomberg News)."
I wish Amurkns would get the hint.
